Fed's Rosengren says more support likely needed to bolster US economy
Boston Fed President Eric Rosengren warned the continued spread of the coronavirus could hinder the economy's recovery from the pandemic and the shutdown
Second-half economic recovery 'has begun': Kevin Hassett
White House senior adviser Kevin Hassett credited the Paycheck Protection Program (PPP) for the quick economic recovery after coronavirus.
Coronavirus pandemic could cost state governments over $16B in hotel tax revenue
Travel restrictions implemented in response to the outbreak of the virus grounded planes worldwide, gutting the travel industry.
How much does a Federal Reserve chair earn?
In his capacity as chairman of the world's most powerful central bank, Powell is tasked with trying to ensure that, once the virus outbreak subsides, the American economy can return to pre-crisis levels.
Fed unveils new tool to detect fraud in payments
The Fed's new tool will help organizations classify fraud independently of payment type, payment channel or other payment characteristics.
Another 1.5 million Americans filed for unemployment last week, worse than expected
Economists surveyed by Refinitiv forecast 1.3 million jobless claims
Bank of England set to unveil another big stimulus for UK
The consensus in financial markets is that it will launch another bond-buying program of at least another $127 billion
Stock futures trade lower ahead of latest jobless claims
The latest jobless figures will be released before the opening bell
Coronavirus pandemic poses new challenge to US economy: a coin shortage
The coronavirus crisis and subsequent lockdown has caused a coin shortage for banks across the country, according to Fed's Powell
Wealthy Americans stopped spending, hampering US economic recovery from coronavirus
Wealthy Americans aren't tightening their purse strings because of a lack of cash, but because of fear over the novel coronavirus.
SBA unveils new, 'borrower-friendly' forgiveness application for PPP loan recipients
The SBA and Treasury Department released a new, five-page forgiveness application for small business owners who received a PPP loan
New US rule on Huawei is a 'clarification' to create uniformity in 5G standards, Ross says
Ross said the U.S. is still opposed to the use of Huawei technology in 5G and 4G networks and maintained that spying is a real concern.
Pressure builds on Trump administration to name PPP borrowers
The Small Business Administration has so far not made public the list of roughly 4.6 million businesses that have received more than $512 billion from the pandemic emergency lending program since early April
Stock futures point to a continued rally on economic measures
Traders will get the latest housing market data with May's housing starts and building permits numbers
White House looking for strong jobs report ahead of election as it pushes for massive new stimulus
Sources tell FOX Business’ Charlie Gasparino the next round of stimulus will likely include liability protection, state aid infrastructure spending and unemployment extensions.
What is a mixed economy?
Like a majority of countries in the world, the U.S. has a mixed economy.
SBA sued over excluding convicted felons from PPP loans
The suit comes as advocates push for better access to government aid programs in underserved communities.
Former Fed heads argue aid is needed to avoid 'prolonged suffering'
The group of economists also warned that the virus outbreak and the recession it caused would be "especially damaging" to communities of color
Fed's Powell warns Congress that US deficit on 'unsustainable' path
Powell cautioned that an economic downturn is not the time for the federal government to begin reducing the deficit.
Conservative leaders urge Trump to rein in coronavirus spending as US deficit swells
The conservative leaders argued that further spending could derail the U.S. economy’s recovery from the virus outbreak and subsequent shutdown.


















